Donald Trump’s Ferrari sells for less than expected

Cars driven by Nicolas Cage and Bruce Willis also sold

A 2007 red Ferrari F430 F1 once owned by President Donald Trump sold for $270,000 at a star-studded automobile auction in Fort Lauderdale, Florida over the weekend. Usually, cars owned by celebrities sell for multiple times their expected price. This Ferrari was expected to sell for $240,000, so auction experts view this sale as a steal for the purchaser. Even so, the car sold for double the price an identical car would fetch on the open market without celebrity association.

The Ferrari was purchased in its first year of release by Trump in Fort Lauderdale. Trump used it as his personal vehicle for several years, but only clocked 2,400 miles on the odometer. He sold it off in 2011. At the auction this weekend, the car was found to have a total of about 6,000 miles on the odometer. A bonus trinket for the eventual buyer of the Ferrari (whose name has not been made public by the auction house) is the original title with Trump’s address at Trump Tower in New York City and the signature of the businessman turned politician.

Another car sold at the same auction was a white 1955 Porsche 356 1600 Speedster. This car used to be a part of the private car collection of Academy Award winner Nicolas Cage and sold for $255,750. However, this was nowhere near Cage’s biggest impact on the car auction market. In 2013, a 1967 Shelby Mustang GT50 that Cage drove in his 2000 film Gone in 60 Seconds sold for one million dollars.

At this same Fort Lauderdale auction, a 1958 Porsche RSK Tribute once driven by Bruce Willis was an afterthought. This car is a replica; but this replica was the car that appeared in Death Becomes Her. This Porsche sold for $19,800, a very low price by movie car standards.